The S&P 500 inched within a point of its all-time record close of 1565.15 before retreating back. What does it augur for markets? Steven Russolillo reports. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... I ... that is the SNP five hundred ... fifteen sixty one one point he was that this morning ... until fifteen sixty four ... the Nikkei was within the hour we'll hear the breadth ... of its close director from two thousand and seven fifteen sixty five one five that of the numbers ... we are watching this morning were watching the needle ... and see if the SNP five hundred ... hit a record ... label twenty four hours ago ... who know what was going to happen in Europe and the U S and now this morning talking about records on the market some Steve Russolillo ... might compete read on the market the plot ... and real close real mostly armed with record watching here today video and audio this just joined another index that is how getting close to this record ... in the US in the U S and though ... we Bharti celebrated out of the drivers a new high The Dow transports of a new high ... Dow the SNP five hundred is ... very very ... the third time within of Weaker two weeks really that it's coming in a couple points race record ... housing the right brain and you see that from time to time especially when you get to forge big round numbers or he'll milestone markers ... ITC Samsung resistance technical resistance around those levels I think that was playing out rate now the market is up a little bit today ... there's some relief that the Cyprus bailout deal was finally ... not achieved overnight and so ... that we can deal with the market is steadily grinding higher here ... I didn't see a little bit of resistance around the aisles of uncertainty that doubt there ... was only up three point I mean the Dow would be a little more ... and the euro was turn eighteen is a strange day he then added this euphoria that a deal was reached ... then there was ... you know the markets pulled back on that before did not last long in that were uploaded on so it's been a little over the place but ... in general though I think that you know that the trend is still operate now the market ... did not see the correction placed on display at the other thing for traders this morning feeling about Cyprus then one unknown to Cyprus ... they've got that number can play right that's the closing number was two point that I could be intraday high just eighteen seventy seven he sold rats that the relevant points higher than the record here with us they had these numbers they are on their third post it notes on the monitors ... this is all they care up to twenty no from Cyber anthem Health a keeper mind to another wash and Alice came out today boosted his SNP five hundred price target for for the end of the year this is the taking them up and in house ... now is the sixteen twenty five target we've seen several adults already a blast getting raising their estimates ... getting more bullish he says another another along I ... hiked Steve are still unclear very much